(11) Elect Director H. Lee Scott, Jr.

Sponsor: Mgmt

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Votes on this proposal

AFSCME Employees Pension Plan Against
CBIS Against
CalPERS Withhold
CalPERS: CalPERS believes there should be a thorough and independent investigation into the bribery allegations involving the company’s largest foreign subsidiary, Wal-Mart de Mexico, dating back to 2005. In our view such an investigation should not be overseen by current members of the board that served in either a board oversight or senior management capacity at the time of the alleged bribery. Therefore, CalPERS is withholding its vote from nine directors who were in a position of authority, oversight, or management of Wal-Mart’s business operations during the period in question. CalPERS is withholding its vote from director nominees James Breyer, Michele Burns, Douglas Daft, Michael Duke, Lee Scott, Jim Walton, Robson Walton, Christopher Williams, and Linda Wolf.
CalSTRS Against
Florida SBA Against
Trillium Asset Management Against